Colorado CUs Latest Owners of CU Direct Connect

CU Direct Connect LLC, a vehicle lending platform and origination funding CUSO, recently signed on two new owners.

The $37 million Community Choice Credit Union in Commerce City, Colo., and the $8.8 million West Denver Community Credit Union in Denver have bought unit shares to become owners in CU Direct Connect, according to the CUSO.

Formed in Colorado in late 2002, CU Direct Connect in Centennial, Colo., provides vehicle lending platform and origination funding support to credit unions and auto dealerships and serves approximately 34 credit unions.

In November, the CUSO announced that it became a preferred lender for all AutoNation dealerships in Colorado.